While the industry is still reeling from the crisis triggered by the Covid-19 pandemic, another new domestic airline startup has been approved and licensed by the Civil Aviation Commission of Malaysia. The new airline is MYAirline, a new ultra-low-cost airline that is expected to launch soon, The Edge wrote. The Air Service License granted to the carrier by the Commission allows it to conduct regular scheduled passenger and cargo services. The driving force behind MYAirline is Malaysian entrepreneur Goh Hwan Huaand, who controls investment firms Zillion Wealth and Trillion Cove Holdings, which in turn are…
This 
While the industry is still reeling from the crisis triggered by the Covid-19 pandemic, another new domestic airline startup has been approved and licensed by the Civil Aviation Commission of Malaysia.
The new airline is MYAirline, a new ultra-low-cost airline that is expected to launch soon, edge wrote. The Air Service License granted to the carrier by the Commission allows it to conduct regular scheduled passenger and cargo services.
The driving force behind MYAirline is Malaysian entrepreneur Goh Hwan Hua, who controls investment firms Zillion Wealth and Trillion Cove Holdings, which in turn are major shareholders in MYAirline. Goh is interested in e-commerce, online business, e-ticketing, fintech, retail and travel, and is also the CEO and director of the airline.
AirAsia’s potential domestic competitor
It plans to lease two Airbus A320s from Kuala Lumpur International Airport to start operations and establish MYAirline as an alternative to Malaysia’s AirAsia-dominated budget airline industry. So far, there are no details about the flight network, nor about the branding design.
MYAirline’s entry into the market follows the recent approval of Johor-based SKS Airways, which also received a full air service license. investment rattan already report News January 6th.
SKS Airways is now aiming to fly one of its four DHC6 Twin Otter turboprops for the maiden flight on January 25 from its base at Subang Airport, southwest of Kuala Lumpur, to the resort island of Pangkor.
Aviation regulator expects industry recovery from 2022
While it remains difficult to predict the further path of the Covid-19 pandemic, there are signs that the situation appears to be gradually easing, prompting the Civil Aviation Commission of Malaysia to forecast an improvement in demand for air passenger traffic.
The “best case” for 2022 is now between 32.6 million and 49 million air passengers, implying a 30% to 45% recovery from Malaysia’s total air passenger volume of 109.2 million in 2019. Air passenger traffic in 2021 will be around 7 million.
